The housing market in Newport, ME is thriving; the median value of a home there is $212,900, much lower than the US median of $338,100. In the past year, there has been a notable appreciation rate of 16.46% for homes in Newport, more than double the US average of 8.27%. This trend highlights the attractiveness of Newport as a place to live and shows that it is an excellent investment opportunity.
The median home cost in Newport is $212,900. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Newport is up 20.6%.
Average Age of Homes
- The median age of Newport real estate is 42 years old
The Rental Market in Newport
- Renters make up 27.1% of the Newport population
- 1.2% of houses and apartments in Newport, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.